Feb 26 (Reuters) - Northisle Copper And Gold Inc NCX.V :
* NORTHISLE FORMS A JOINT VENTURE WITH FREEPORT-MCMORAN MINERAL PROPERTIES CANADA INC ON ITS PEMBERTON HILLS COPPER PROPERTY
* NORTHISLE COPPER AND GOLD - UNDER JV TERMS, FREEPORT MAY EARN UP TO 65% INTEREST IN PEMBERTON PROPERTY BY FUNDING CAD24 MILLION EXPLORATION EXPENDITURES
* NORTHISLE COPPER AND GOLD - UPON COMPLETION OF FIRST OPTION, A JOINT VENTURE CO TO BE FORMED TO OPERATE PROPERTY UNDER SHAREHOLDER'S AGREEMENT